Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Mr. W is a dentist having his own clinic in Alsancak/ zmir. He calculated his gross independent personal service income as 430.000 TRY in

. Mr. W is a dentist having his own clinic in Alsancak/ zmir. He calculated his gross independent personal service income as 430.000 TRY in 2022. The deductible expenses incurred for that activity amounted to 140.000 TRY. Mr. A has also two flats in Karyaka/zmir. The rental income on those flats were 105.000 TRY in 2022. The losses for dentist activity were 28.000 TRY for 2016, 45.000 TRY for 2017.

The taxpayer has paid 28,000 TRY Social Security Premiums (BAKUR).

The paid withholding tax is 27.000 TRY.

The paid advance tax is 22.500 TRY

He chooses lump-sum expense method for his rental income.

The exclusion for rental income 9.500 TRY

Use the income tax schedule below.

Required: Calculate Mr. Ws personal income tax liability for 2022. (10 points)

CAN YOU DO THIS BASED ON TURKISH RATES I HAVE 40 MN THUMBS UP GURANTEE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions

Question

=+(17.24) ['If(x) dx Answered: 1 week ago

Answered: 1 week ago